Bullish divergence formed on the daily and potentially weekly time frame if the week closes red. This could be the move up for wave 4 of C or potentially the bottom of wave 5.
Looks like a good place for longs with a tight stop loss. Will be keeping an eye on the weekly close for the bullish divergence to play out.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.